News: Shopping Centers

Adams & Co. brokers eight lease renewals, includes 2,159 s/f by Levy

Adams & Co. recently brokered the following transactions: * A seven-year, 3,368 s/f renewal at 1071 Avenue of the Americas for bedding manufacturer United Feather and Down Inc. David Levy and Jeffrey Schwartz of Adams & Co. represented the tenant and landlord. Asking rents were $44 per s/f. * A five-year, 3,491 s/f renewal at 110 W. 40th St. for textile company Ilene Danchig. Levy and Michael Greenberg of Adams & Co. represented the tenant and the landlord. Asking rents were $38 per s/f. * A 1,485 s/f renewal at 411 Fifth Ave. for wholesale apparel company DMF Sales Co. Inc. Levy represented the landlord and tenant. Asking rents were $36 per s/f. * A three-year, 5,336 s/f lease at 1071 Avenue of the Americas for advertising firm David Geller Associates Inc. Levy and Schwartz represented the tenant and landlord. Asking rents were $42 per s/f. * A seven-year, 943 s/f renewal at 34 W. 33rd St. for children's wear company Pryorities NY Inc. Levy and Brett Maslin of Adams & Co. represented the tenant and landlord. Asking rents were $36 per s/f. * A three-year, 1,680 s/f renewal at 34 W. 33rd St. for children's wear company NY Kids Showroom Inc. Levy and Maslin represented the tenant and landlord. Asking rents were $36 per s/f. * A seven-year, 1,542 s/f renewal at 48 W. 37th St. for retail apparel store Exist Fashion Inc. Levy and Joey Friedman of Adams & Co. represented the tenant and landlord. Asking rents were $95 per s/f. * A three-year, 2,159 s/f renewal at 463 Seventh Ave. for outerwear company G.F.B. Fashions Ltd. Levy represented the landlord and tenant. Asking rents were $36 per s/f. Adams & Co. Real Estate, LLC is among the top five leasing companies in New York City, as measured by total square feet. The full-service real estate firm is responsible for millions of square feet of office space and provides property management, brokerage and consulting services throughout Manhattan by teaming experience with innovation.
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2024 Year in Review: William O’Brien, M.C. O’Brien, Inc.

What noteworthy transactions or deals from this year best exemplified key market trends or shifts? I would like to say there was an outstanding transaction for me this past year but 2024 was more a culmination of long-term relationships, most of which continued to transact. Deals were smaller in many cases but we saw robust leasing both on the agency side as well as on the tenant side.

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